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RES 16-03CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2016-03 RESOLUTION ACCEPTING A DONATION FROM THE BANK OF ELK RIVER TO THE OTSEGO PARKS AND RECREAITON DEPARTMENT WHEREAS, The Bank of Elk River has made a cash donation of $4,500.00 and $1,000 worth of advertising to the Otsego Parks and Recreation Department; and, WHEREAS, the donation to the Otsego Parks and Recreation Department is for the purpose of supporting provisions of community events in Otsego; and, WHEREAS, Minnesota Statutes 465.03 requires that all gifts and donations or real or personal property be accepted only with adoption of a resolution of the governing body; and, WHEREAS, the City of Otsego sincerely thanks The Bank of Elk River for their generous donation and for its support of the community; and, NOW THEREFORE BE IT RESOLVED by the City Council of the City of Otsego, Wright County, Minnesota that the donation by The Bank of Elk River is hereby accepted. ADOPTED this 1 if day of January 2016 by the Otsego City Council. Motion to Adopt made by Council Member Heidner and seconded by Council Member Schroeder. IN FAVOR: Stockamp, Heidner, Schroeder, Darkenwald, Warehime OPPOSED: None CITY OF OTSEGO Skin � Tami Loff, City Clerk